articles | 17 March 2016

CSE back in the green during recent trading

The Cyprus Stock Exchange (CSE) experienced slight gains at close of trading on March 16, 2016 after the down-turn just one day earlier.

The General Index closed up 0.2%, at 69.40 points, while the index FTSE/CySE 20 showed slightly higher profits, up 0.38%, closing at 39,87 points. The value of transactions stood at €245.189.

Wednesday’s session was characterised by fluctuations. In the early stages of trading, the General Index followed an upward trend, reaching up to 69.9 points.

Subsequently, Bank of Cyprus securities pushed stock on a downward trajectory that peaked at 68.9 points. This slump was maintained until the last hour of the session, when investor interest pushed the General Index up, reaching 69.40 points at closing.

Individual indices presented a mixed picture. Gains were recorded on the main market up 0.5% and hotels gained 1.47%, while investment companies stuttered, declining 0.44% and alternative markets down 0.32%.

Strong investor interest generally focused on Bank of Cyprus securities € 227.727 (without change – closing price € 0.16), followed by shares of Cytrustees Investments by € 4.247 (down 4.12% – closing price € 0.16), Logicom to € 4.160 (0.97% fall – closing price € 0.71), Hellenic Bank with € 3.851 (up 1.65% – closing price of € 1.23) and Demetra Investment with € 1.925 (unchanged – closing price € 0.38).

The number of transactions came to 153.

Source: InCyprus

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